The Swedish home decor and furnishings retailer announced plans to sell the “Boklok” homes in December, some for under $200,000.
Swedish home decor and furnishings retailer IKEA has launched its “Boklok” pre-fabricated homes in the United Kingdom, following a December announcement of plans to build 500 housing units in the United Kingdom by 2009. The first units went on sale Oct. 5.
The homes will be priced at around 100,000 pounds (US$197,000) per flat and 150,000 pounds (US$296,000) per three-bedroom home. Some financing options allow customers to pay even less, according to the Financial Times – Boklok developer LiveSmart at Home offers one-bedroom flats for around 49,000 pounds (US$100,000) plus a monthly rental fee.
The pre-fabricated homes have been billed as a solution to affordable housing problems in the United Kingdom. IKEA is partnering with construction company Skanska to build the units. About 3,500 Bokloks already have been built in Scandinavia through IKEA’s partnership with Skanska.
The first Boklok community is planned for the city of Gateshead in northeastern England. Further communities are planned in Scotland and southeast England.